How do you get a loan without a car title?

I’m thinking about getting a title loan. I have a car but I’m not sure if my name is actually listed on the title. What are my options?

Answer
Getting a title loan without a car title is impossible. As the name implies, the car’s title is collateral for the loan.
There are a lot of types of loans out there, and title loans are among the more dangerous versions. If you fail to pay, the lender will take your car.
Additionally, title loans typically have very high interest rates and fees, which can lead to a deeper and steeper decline into debt.
However, if you’re still set on a title loan and you don’t have the title because you lost it, then you can apply for a duplicate title at your local DMV. Note that it may involve paying a fee.
Alternatively, you wouldn’t need a car title to apply for a personal loan at a bank or get a private loan from a family member or friend. So consider going one of those two routes instead.
If you want to save money on other car expenses, the free car insurance comparison tool Jerry can help. A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies and buying new car insurance. Jerry will even help you cancel your old policy once you’ve found a better deal.
Lauren Smith
Answered on Nov 22, 2021
Lauren has written for World Nomads, the Matador Network, Korvia Consulting, and once upon a time Three Fates Games. She graduated from Columbia College of Chicago with a BFA in Creative Writing. After graduating, she moved overseas and lived in South Korea where she spent her free time traveling and going on road trips with friends. She misses the rest stop potatoes and is trying to figure out how to recreate them at home. She's now based outside of Chicago and when she's not writing she spends her free time reading, playing video games, and exploring whenever she can.
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